Victoria Finkle

Visa chairman and chief executive Joe Saunders downplayed concerns over the costs associated with implementing its new digital wallet at the company's annual shareholders meeting on Tuesday.

Banks are going to new lengths to burnish their image in the public eye, with Wells Fargo & Co. now taking its very own red carpet moment.

Discover Financial Services is anticipating a joint enforcement action from the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau over the marketing of its credit card payment protection products, the company disclosed in a regulatory filing posted late Thursday afternoon.

Banks lost billions of dollars in overdraft revenue last year, even as they passed on higher fees to consumers, according to a study by Moebs Services Inc.

While Citigroup Inc. struggles to get rid of its consumer lending unit, banks including Wells Fargo & Co. and SunTrust Banks Inc. are expanding their similar businesses.

The rebound of credit card lending is having nasty side effects for Capital One Financial Corp. and American Express Co., which are increasingly spending more to compete for the most credit-worthy customers.

Target Corp., which has tried for years to sell its credit card receivables, said Wednesday that it has temporarily "suspended" its efforts — and is spending more than $2.8 billion to divorce itself from JPMorgan Chase.

Cost cuts "certainly won't be the primary driver for earnings in the future," says CFO Timothy Sloan. CEO John Stumpf says Wells Fargo is "kicking lots of tires" for potential acquisitions.

A Supreme Court ruling on Tuesday upheld the controversial practice of including mandatory arbitration clauses in credit card contracts.

Personal-finance guru Suze Orman is usually the one dishing out the tough love. But the moment she put her name on a reloadable prepaid card, she was the one taking it.

The retailing giant has partnered with Jackson Hewitt and H&R Block to offer free tax prep at more than 3,000 stores, in a move that could boost deposits on the retailer's prepaid card.

Payments processor Total Systems Services Inc. has signed a new agreement with merchant services provider Pivotal Payments Inc., the companies said Tuesday.

Consumers are paying down their debts across an increasing number of loan categories, according to the American Bankers Association. That was a welcome reversal for the banking industry, which in the second quarter saw the ABA report an uptick in delinquencies.

Impending slowdowns at the post office could hasten consumers' move to online bill pay — a boost for bankers.

Lending officers should tempt consumers with the popular pantry item to test their self-control. Those who can't resist are less likely to pay back their loans.

CEO James Smith invokes image of George Bailey in telling ABC World News With Diane Sawyer that Webster's mortgage modification program has paid off.

Banks trying to solve their checking account woes are going the way of the cable company and increasingly selling tiered and bundled packages of services.

Bank of America dumped close to $1 billion in credit card assets in two separate deals announced on Wednesday, as part of its effort to slim down and focus on its core business lines.

The average checking account costs banks about $350 annually, American Banker reported this month. But whether banks should use that estimate in determining individual customer profitability remains up for debate.

Rather than just moving their money, protesters in San Francisco are seeking to build a credit union of their own.